New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-01
OYER a QCARIER or a MILLION GONE.

YOUNG BANK CLERK CLEANS OUT THE SAFE
MANY OF THE SECURITIES ARE UNNEGOIIABLE.
SACo Me. Aug Silt was learned this morning
that the saco and Biddeford Savings Institution had
seriously suffered through young clerk who had ab-
seconded. Frank g. McNey, age nineteen. who has
been employed In the bank about year has mysterously
disappeared. taking with him $500 in cash, United
States registered four per cent bonds payable In 1907
to the OF $1s5 900, and railroad municipal and
other bonds amounting. near as can now be deter
mined. to about $91, 900.
Though he left Monday afternoon. the bank oi-
and his family have kept the matter quiet that
the did leak until this morning. Great ex-
element prevails here McNelly was considered one
of the most trustworthy young men In the city. The
president trustees and cashier OF the bank placed the
utmost confidence in him. He was acquainted with the
combination OF every lock in the bank vaults.
Cashier Melville H. Kelly is also treasurer OF the Nut
ua Fire Insurance Company. On Monday afternoon q
loss by fire reported at Kenncbunk Mr.. Kelly went
to view the ruins leaving Frank McNey to finish up
the days accounts When Mr. Kelly opened the bank
Tuesday morning found that Mondays accounts were
not completed President Goodale was informed. and
the entire afternoon spent examining the contents
of the saie. Considerable time had been consumed De-
fore tho theft was detected LARGE amount OF gold and
currency which McNeily could easily have stolen was
President Goodae says that the loss is much les,
than the surplus that tho bank will DO perfectly safe
If the amount taken by the absconding clerk is
never recovered The Siso 900 IN United states % regis
bank statement OF last MAY places the surplus at little
S63UoO. Treasurer Kelly has posted notice out
se the bank stating that tho Institution Is safe and
that depositors need feel no alarm. Bank Examiner
Richards is ex pertsd TO arrive to day.
Detectives have been engaged and sont in all direc-
tions: dozen Of McNeiliy's photographs have been
found In draw In the hank and besu placed In the
hands OF the deiectives McNely Is five feet and eleven
iaches in height, weighs li5 pounds and has dark hair
a smooth face and fair complexion He stands erect
when walking, is OF good ngure and would be called
handsome
FARMiNGToN. Me- Aug. 31.-F +. Richards. state Bank
Examiner, tonight in regard TO the embezze-
meut from the aud Bdieforl savings Institution.
lie said that IL the gwen IN the papers of the
amount stolen from the sale correct the bank Wsud
still be pay all its depositors and creditors, and
then have a surplus Of about 100000. The published
statement regarding the banks surplus, the examiner
says Incorrect Tho correct hyurcs are S3G35Ol, as
given after his last examination lie said further tnat
he had had any suppose that the clerk
had been the nation OF the safe. When he
went the bank last March lie no notice or his
coming. Treasurer Kelly not about tho premlses,
McNeclcy being In sole charge then McNeeey remarked
that the examiner would have To walt until Mr. kellts
return access 10 the safe Examiner Richards
sa that at PRESENT Informed. tho only criticism mat
lie could make The conduct OF the officers o. the bank
their allowing hoy who was la subordinate posi-
tion TO have knowledge OF the combination.